training software?

[Handle123]

Interesting technique , does the same apply for pivot high with lower highs next to it? i guess it wont break easily either , ah i remember this makes sense , the bigger a trendline is the better because the time is bigger , gotta search for strong pivot highs then , tbh i have to reread a bit the chapter. What i get from what you are saying is that i have to be consistent , it makes sense i guess or else backtest wont wield reliable results.

Btw what is that strategy on the chart , i though if price reached the support trendline it would mark the start of downtrend? unless the buyer waits for a reversal move before buying? hm it makes sense actually , it seems people are buying on corrections too because they expect a swift in pa move , that support trendline strategy will be nice for my first trade.

Only YOUR back testing will show the answers.

 

[Wach80]

Ok , lets say i decide the rules of my strategy , i will build x trendlines based on x factors and i will buy or w/e when price moves on x point , now what happens when a trader dont find any trade that meets his criteria? i mean whats the typical schedule of a trader? i guess a proffesional will have great adaptibility but a noob like me for example what can he do? how often can i search the market? do i have to stay on my pc and search the lobby with currencies all day long until something shows up? are there programs who alert you about specific conditions? how often do you search the lobby?

Btw what exactly is backtesting? do you make X trades with a specific system on your demo until you see if its profitable or not and if thats the case how many trades are required to even out variance? , or is it somekind of simulation that ends fast , mt4 has a strategy tester option between x dates in the past but it has specific indicator and stuff you can use , its kinda strange , probably requires some programming , i dont know quite how it works but looks faster.

 

[Wach80]

Oh backtesting is the simulation of past data but i dont get it how it works , i used the strategy tester of mt4 , does it search past charts with similar patterns on them like the current one i have on mt4? it also seem like i have to use indicators and stuff like that. Do i have to code anything? generally how does someone backtest?

 

[Redneck]

From what i see i can change the time frame with zoom in or zoom out , whats the optimal one?

Take a pie (let's say a 10" pecan)

It can be cut in 2 slices..., 4 slices..., 16 slices..., 100 slices..., 2,435,398 slices... so on so forth

Which number of slices is optimal

And no matter how many slices - it is still the exact same pie *thinkaboutit*

Oh backtesting is the simulation of past data but i dont get it how it works , i used the strategy tester of mt4 , does it search past charts with similar patterns on them like the current one i have on mt4? it also seem like i have to use indicators and stuff like that. Do i have to code anything? generally how does someone backtest?

You want to trade (I assume..., and your line of questioning here is not simply an exercise in mental masturbation..., there ample of those already)

Instrument to trade - choose - back test it

Platform layout - choose - back test it

TTF - choose - back test it

How will you trade - choose - back test it

Way / how to determine the environment - choose - back test it

Way / how to determine mkt / price's direction - choose - back test it

What signal.., pattern..., event..., time of day - you will trade - choose - back test it

Where to set a SL - choose - back test it

When to get out with profit - choose - back test it

What type of order to use - choose - back test it

Way of determining when it best to sit on hands - choose - back test it

And more I'm not adding/ forgetting

What ever it is - choose - back test it

==============

Then

Put it all together - back test it

Modify as necessary

Then

SIM it

Then

Go live with small size

RN

 

[Wach80]

Take a pie (let's say a 10" pecan)

It can be cut in 2 slices..., 4 slices..., 16 slices..., 100 slices..., 2,435,398 slices... so on so forth

Which number of slices is optimal

And no matter how many slices - it is still the exact same pie *thinkaboutit*




You want to trade (I assume..., and your line of questioning here is not simply an exercise in mental masturbation..., there ample of those already)

Instrument to trade - choose - back test it

Platform layout - choose - back test it

TTF - choose - back test it

How will you trade - choose - back test it

Way / how to determine the environment - choose - back test it

Way / how to determine mkt / price's direction - choose - back test it

What signal.., pattern..., event..., time of day - you will trade - choose - back test it

Where to set a SL - choose - back test it

When to get out with profit - choose - back test it

What type of order to use - choose - back test it

Way of determining when it best to sit on hands - choose - back test it

And more I'm not adding/ forgetting

What ever it is - choose - back test it

==============

Then

Put it all together - back test it

Modify as necessary

Then

SIM it

Then

Go live with small size

RN

The problem is not what to choose but how to choose it and program it , i have no idea lol and i dont understand , can i backtest individual conditions? i mean backtesting isnt about showing the profitability of my total strategy? i also saw someone trade who had all his requirements typed in his chart like:

Volume=?
price=?
trade plan=?

If most agreed or all he would buy , i like that , it appears technicals shouldnt require much manual work if you program your requirements.

I get a better feeling about trading , you have many tools at your disposal , all of them say either yes or no , all of them offer a smallish % of win so the trick is for all of them to agree , if they dont then the trade isnt safe.